VictoryShares Intl High Dividend Volatility Wtd Index ETF
ALTAR
Score™
9.7% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
14.9x P/Sales
ratio
1.0x
P/BV
ratio
1.0x Div.
yield
4.7%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The VictoryShares International High Div Volatility Wtd ETF tracks an index of about 100 developed-market stocks outside the US, screened for positive earnings and high dividend yield, and weighted inversely by volatility.

FUND BASICS
Category International Equities
Fund Sponsor Victory Capital Management
Website www.compassempfunds.com
Inception date Aug 20, 2015
Assets (mns) $23
Currency USD
Expense ratio 45 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Volatility
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 100
Wgt avg mkt cap (mns) $32,517
Large cap (>$10bn) 94.8%
Mid cap ($2-10bn) 5.3%
Small cap (<$2bn) 0.0%
Developed mkts 94.6%
Emerging mkts 5.4%

TOP TEN HOLDINGS
JAPAN TOBACCO INC 1.5 %
TESCO PLC 1.4 %
MITSUBISHI CORP 1.4 %
RIO TINTO LTD 1.4 %
HANG SENG BANK LTD 1.4 %
POSCO 1.4 %
SINGAPORE TELECOMMUNICATIONS LIMIT 1.4 %
TELSTRA CORPORATION LIMITED 1.3 %
HENDERSON LAND DEVELOPMENT 1.3 %
TELENOR ASA 1.3 %
Total 13.8 %

TOP COUNTRY EXPOSURE
BRITAIN 13.0 %
JAPAN 11.6 %
CANADA 9.3 %
HONG KONG 8.1 %
FRANCE 7.1 %
AUSTRALIA 6.8 %
GERMANY 5.0 %
ITALY 4.7 %
SOUTH KOREA 4.5 %
NETHERLANDS 4.2 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-9.0% -9.0% 2.6% -- 1.8%

Market Correlations
versus... Beta R-squared
S&P500 0.95 75%
MSCI EAFE 1.07 94%
MSCI Emg. Mkts. 0.85 75%

Technical Indicators
Recent close $30.59
30d moving avg. $29.98
Annualized volatility 20.7%
Short interest (ETF) 0.1%
Relative strength (RSI) 61

Liquidity measures
Avg. volume (thou.) 18
Turnover 2.4%
Bid/Ask (% of price) 0.29%
ADV underlying (mns) $9,577

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 97 potential alternatives to the VictoryShares Intl High Dividend Volatility Wtd Index ETF ETF based on the alternatives' overlap in portfolio holdings with CID. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CID Expense: 45 bp ALTAR Score™: 9.7%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CID
Ticker Fund
Name
Overlap1
vs CID
(%)
Expense
ratio
(bp)
Savings
vs CID
(bp)
ALTAR
Score™
(%)
ALTAR
vs CID
(%)
DOO WisdomTree International Dividend ex-Financials Fund 39.6 58 -13 7.7 -2.0
DFAI Dimensional International Core Equity Market ETF 37.1 18 27 6.4 -3.3
IDHD Invesco S&P Intl Developed High Dividend Low Volatility ETF 36.4 30 15 7.7 -2.0
VWID Virtus WMC International Dividend ETF 32.4 49 -4 7.4 -2.3
DTH WisdomTree International High Dividend Fund 29.2 58 -13 8.7 -1.0
IDV iShares International Select Dividend ETF 29.2 49 -4 8.8 -0.9
IDOG ALPS International Sector Dividend Dogs ETF 28.5 50 -5 8.2 -1.5
FID First Trust S&P International Dividend Aristocrats ETF 25.6 60 -15 8.8 -0.9
WDIV SPDR Global Dividend ETF 25.3 40 5 8.6 -1.1
LVHI Legg Mason International Low Volatility High Dividend ETF 24.6 40 5 9.0 -0.7
DOL WisdomTree International LargeCap Dividend Fund 23.1 48 -3 7.2 -2.5
HDEF Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF 22.6 20 25 8.4 -1.3
EFV iShares MSCI EAFE Value ETF 22.0 39 6 8.4 -1.4
FGD First Trust Dow Jones Global Select Dividend Index Fund 20.5 59 -14 10.0 +0.3
GCOW Pacer Global High Dividend ETF 20.3 60 -15 9.9 +0.2
VYMI Vanguard International High Dividend Yield ETF 20.1 27 18 9.0 -0.7
HDAW Xtrackers MSCI All World ex US High Dividend Yield Equity ET 20.0 20 25 9.4 -0.3
IVLU iShares Edge MSCI Intl Value Factor ETF 19.9 30 15 10.0 +0.3
DWM WisdomTree International Equity Fund 19.4 48 -3 7.2 -2.5
CIL VictoryShares International Volatility Weighted Index ETF 19.2 45 0 6.4 -3.3
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 19.2 45 0 6.4 -3.3
EFAS Global X MSCI SuperDividend EAFE ETF 19.1 56 -11 7.9 -1.8
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 18.9 40 5 7.3 -2.4
FIVA Fidelity International Value Factor ETF 17.8 39 6 8.7 -1.0
TPIF Timothy Plan International ETF 17.7 62 -17 6.1 -3.6
ICOW Pacer Developed Markets International Cash Cows 100 ETF 17.5 65 -20 10.2 +0.5
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 16.7 45 0 7.7 -2.0
IQDE FlexShares International Quality Dividend Defensive Index ET 16.6 47 -2 7.9 -1.8
DMDV AAM S&P Developed Markets High Dividend Value ETF 16.5 39 6 9.9 +0.2
IQIN IQ 500 International ETF 16.2 25 20 7.6 -2.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 15.4 29 16 7.3 -2.4
FNDF Schwab Fundamental International Large Co. Index ETF 15.1 25 20 7.7 -2.0
FDEV Fidelity Targeted International Factor ETF 15.0 39 6 6.2 -3.5
DVYA iShares Asia/Pacific Dividend ETF 14.9 49 -4 11.3 +1.6
ISDX Invesco RAFI Strategic Developed ex-US ETF 14.7 23 22 6.3 -3.4
FIDI Fidelity International High Dividend ETF 14.7 39 6 10.1 +0.4
HDMV First Trust Horizon Managed Volatility Developed Intl ETF 14.6 80 -35 6.0 -3.7
DWX SPDR S&P International Dividend ETF 13.8 45 0 7.5 -2.2
IEV iShares Europe ETF 13.5 59 -14 6.3 -3.4
DEW WisdomTree Global High Dividend Fund 13.3 58 -13 8.7 -1.0
IQDF FlexShares International Quality Dividend Index Fund 13.1 47 -2 7.9 -1.8
BBEU JPMorgan BetaBuilders Europe ETF 13.1 9 36 6.7 -3.0
BKIE BNY Mellon International Equity ETF 13.0 4 41 6.6 -3.1
JPIN JPMorgan Diversified Return International Equity ETF 12.9 37 8 7.1 -2.6
DBEU Xtrackers MSCI Europe Hedged Equity ETF 12.8 45 0 6.0 -3.7
PDEV Principal International Multi-Factor Core Index ETF 12.6 25 20 7.1 -2.6
FLEE Franklin FTSE Europe ETF 12.6 9 36 6.5 -3.2
EFAV iShares Edge MSCI Min Vol EAFE ETF 12.6 20 25 5.0 -4.7
ESGN Columbia Sustainable International Equity Income ETF 12.5 45 0 9.2 -0.5
FLEH Franklin FTSE Europe Hedged ETF 12.4 9 36 6.5 -3.2
INFR Legg Mason Global Infrastructure ETF 12.4 40 5 5.7 -4.0
MVIN Natixis Seeyond International Minimum Volatility ETF 12.4 56 -11 5.8 -3.9
QLVD FlexShares Developed Markets ex-US Quality Low Volatility Id 12.4 32 13 5.7 -4.0
RBIN Nationwide Risk-Based International Equity ETF 12.3 42 3 6.1 -3.6
IQSI IQ Candriam ESG International Equity ETF 12.2 15 30 6.4 -3.3
UIVM VictoryShares USAA MSCI International Value Momentum ETF 12.2 35 10 7.8 -1.9
JHMD John Hancock Multifactor Developed International ETF 12.2 39 6 6.6 -3.1
FEUZ First Trust Eurozone AlphaDEX ETF 12.1 80 -35 7.1 -2.6
EFA iShares MSCI EAFE ETF 12.0 32 13 6.3 -3.4
IDLV Invesco S&P International Developed Low Volatility ETF 12.0 25 20 6.2 -3.5
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 12.0 35 10 6.0 -3.7
IQDY FlexShares International Quality Dividend Dynamic Index Fund 11.9 47 -2 8.2 -1.5
QEFA SPDR MSCI EAFE Quality Mix ETF 11.9 30 15 6.0 -3.7
VGK Vanguard FTSE Europe ETF 11.9 8 37 6.8 -2.9
MOTI VanEck Vectors Morningstar International Moat ETF 11.8 57 -12 9.4 -0.3
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 11.8 39 6 5.6 -4.1
DBEF Xtrackers MSCI EAFE Hedged Equity ETF 11.6 35 10 6.1 -3.6
IEUR iShares Core MSCI Europe ETF 11.6 9 36 6.6 -3.1
PQIN PGIM QMA Strategic Alpha International Equity ETF 11.6 29 16 7.1 -2.6
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 11.6 14 31 6.1 -3.6
GSID Goldman Sachs MarketBeta International Equity ETF 11.5 20 25 6.4 -3.3
FDD First Trust Stoxx European Select Dividend Index Fund 11.5 58 -13 8.8 -0.9
EWU iShares MSCI United Kingdom ETF 11.3 51 -6 6.5 -3.2
ZGBR SPDR Solactive United Kingdom ETF 11.3 14 31 7.0 -2.7
SCHF Schwab International Equity ETF 11.3 6 39 6.6 -3.1
HFXI IQ 50 Percent Hedged FTSE International ETF 11.2 20 25 6.5 -3.2
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 11.2 25 20 5.9 -3.8
SPEU SPDR Portfolio Europe ETF 11.2 9 36 6.8 -2.9
ESGD iShares MSCI EAFE ESG Optimized ETF 11.2 20 25 6.2 -3.5
FLGB Franklin FTSE United Kingdom ETF 11.0 9 36 6.9 -2.8
FYLD Cambria Foreign Shareholder Yield ETF 10.8 59 -14 5.6 -4.1
IDEV iShares Core MSCI International Developed Markets ETF 10.8 5 40 6.5 -3.2
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 10.7 7 38 6.6 -3.1
EURZ Xtrackers Eurozone Equity ETF 10.6 9 36 6.6 -3.1
RESD WisdomTree International ESG Fund 10.5 30 15 6.5 -3.2
EZU iShares MSCI Eurozone ETF 10.5 51 -6 6.0 -3.7
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 10.4 20 25 6.5 -3.2
JXI iShares Global Utilities ETF 10.4 46 -1 5.5 -4.2
FKU First Trust United Kingdom AlphaDEX Fund 10.4 80 -35 6.9 -2.8
EPP iShares MSCI Pacific ex-Japan ETF 10.2 48 -3 5.6 -4.1
EUDG WisdomTree Europe Quality Dividend Growth Fund 10.2 58 -13 6.5 -3.2
IEFA iShares Core MSCI EAFE ETF 10.2 7 38 6.6 -3.1
VEA Vanguard FTSE Developed Markets ETF 10.2 5 40 6.6 -3.1
EUFN iShares MSCI Europe Financials ETF 10.1 48 -3 10.8 +1.1
RNDM First Trust Developed International Equity Select ETF 10.0 65 -20 5.8 -4.0
NUDM Nuveen ESG International Developed Markets Equity ETF 10.0 40 5 6.0 -3.7
GSIE Goldman Sachs ActiveBeta International Equity ETF 9.9 25 20 6.1 -3.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
VictoryShares Intl High Dividend Volatility Wtd Index ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.5 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 45 bp
Equals: ALTAR Score 9.7 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.54 CATEGORY
AVERAGE
1.54
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.